The Haus

Tuesday, June 1, 2004

BayStar Dumps Preferred SCO Stock -- 7:02 pm CST, Update by A.T. Hun

BayStar and SCO announced an agreement in which BayStar will sell its SCO preferred stock for $13 million and 2,105,263 shares of common stock. In about half of a year the Royal Bank of Canada and BayStar have lost almost half of their $50 million investment in SCO. You have to wonder how SCO is going to come up with the cash to stay afloat, much less continue their legal attacks. Not surprisingly, they also announced that they will be delaying their second quarter earnings report. That should be ugly. Thanks Linux Today.

News for 06/01/2004

Recent Headlines

January 5, 2015: It Returns!
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